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Securities and Exchange Commission

SEC Commissioner: We Shouldn't Be Promoting Investor Confidence
Image from: Kevin Lamarque/REUTERS

SEC Commissioner: We Shouldn't Be Promoting Investor Confidence

A leading Republican regulator, SEC Commissioner Michael Piwowar, said in a speech to Cato recently that the goal of the Securities and Exchange Commission should not be to "promote investor confidence," but instead to "promote investor skepticism." This is pretty remarkable, and it's a scary example of a radically libertarian philosophy that could cause our financial system to melt down in a big way.
The Daily Show: Still No Accountability For The Big Banks

The Daily Show: Still No Accountability For The Big Banks

From this Thursday's The Daily Show, guest host John Oliver took Wall Street and the SEC to task for allowing one after the other of these big banks to avoid any real criminal or civil liability for crashing the global economy.

Matt Taibbi, Eliot Spitzer On Eric Holder's Failure

Rolling Stone's Matt Taibbi talked with Eliot Spitzer last night about Eric Holder's decision not to prosecute Goldman Sachs for the offenses laid out in the Levin report. Taibbi had this to say afterwards: "But that's exactly who